China Shenhua Energy Co. Ltd.

Pursuant to the regulations and rules of the China Securities Regulatory Commission and the Shanghai Stock Exchange, China Shenhua Energy Company Limited (the “Company”, together with its subsidiaries, the “Group”) is required to publish quarterly report.

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors of the Company is pleased to announce the results of the Company and its subsidiaries for the three months ended 31 March 2008 prepared in accordance with the International Financial Reporting Standards (“IFRSs”). Such results have not been audited by the independent auditors.

1.1 The board of directors and the supervisory committee of the Company together with the directors, supervisors thereof and the senior management guarantee that the information contained in this report does not contain any false statements, misleading representations or material omissions. All of them jointly and severally accept responsibility as to the truthfulness, accuracy and completeness of the content of this report.

1.2 Seven directors of the Company attended the board meeting. In addition, director Yun Gongming appointed director Chen Biting to attend the board meeting and vote on his behalf, and independent non-executive director Huang Yicheng appointed independent non-executive Chen Xiaoyue to attend the board meeting and vote on his behalf.

1.3 Financial information set forth in this 2008 first quarterly report is prepared in accordance with the IFRSs, has not been audited by the independent auditors.

1.4 Mr. Chen Biting (Chairman of the Company), Ms. Zhang Kehui (Chief Financial Officer of the Company) and Mr. Hao Jianxin (General Manager of Finance Department of the Company) warrant the truthfulness and completeness of the content of this quarterly report.

1.5 This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

1.6 Pursuant to a resolution passed at the extraordinary general meeting on 24 August 2007, the Company acquired the entire equity interests in Shenhua Shenfu Dongsheng Coal Company Limited (“Shendong Coal”) and Shenhua Shendong Power Company Limited (“Shendong Power”) from Shenhua Group Corporation Limited (“Shenhua Group”). The acquisition was completed on 31 August 2007. As the Company, Shendong Coal and Shendong Power were under common control of Shenhua Group, the above acquisitions have been reflected as a combination of entities under common control. Accordingly, the consolidated financial statements of the Group for the three months ended 31 March 2007 have been accounted for at historical cost and included the results of operations of Shendong Coal and Shendong Power on a combined basis.

A Shares listed in: Shanghai Stock Exchange

Stock Code for A Shares: 601088

Listing Date: 9 October 2007

H Shares listed in: The Stock Exchange of Hong Kong Limited

Stock Short Name for H Shares: China Shenhua

Stock Code for H Shares: 1088

Listing Date: 15 June 2005

The secretary to the Board of Directors: Huang Qing

Tel: (010) 5813 3399

Fax: (010) 8488 2107

E-mail: 1088@csec.com

Contact Address: 4th Floor, Zhouji Tower, 16 Ande Road, Dongcheng District, Beijing, China

Joint Company Secretaries

Huang Qing, Ng Chai Ngee (Hong Kong Practising Solicitor)

Authorised Representatives

Ling Wen, Huang Qing

Investor Contacts

Investor Relations Department, China Shenhua Energy Company Limited

Address: 4th Floor, Zhouji Tower, 16 Ande Road, Dongcheng District, Beijing, China

Post code: 100011

Tel: (010) 5813 3399 or (010) 5813 3355

Fax: (010) 8488 2107

E-mail: ir@csec.com or 1088@csec.com

For the three months ended 31 March 2008

Commercial coal production (Million tonnes) 44.6 37.3 19.6%

Coal sales (Million tonnes) 56.7 46.6 21.7%

of which: Export (Million tonnes) 4.6 5.8 (20.7%)

Turnover of coal transported by self-owned railways * (Billion tonne km) 31.7 29.2 8.6%

Seaborne coal (Million tonnes) 33.9 32.0 5.9%

of which: Huanghua Port (Million tonnes) 20.5 19.9 3.0%

Shenhua Tianjin Coal Dock (Million tonnes) 5.2 4.7 10.6%

Total power output dispatch (Billion kwh) 22.08 16.90 30.7%

For the three months ended 31 March 2008

Earnings per share 0.340

Shareholders’equity per share 6.58

Net cash flow from operating activities per share 0.45

Revenues 23,788

Profit for the period attributable to equity shareholders of the Company 6,772

Net cash flow from operating activities 9,010

Total assets 250,874

Total liabilties 99,046

Total equity 151,828

Of which: Equity attributable to equity shareholders of the Company 130,943

Unit: RMB million

Items

Net profit attributable to equity shareholders of the Company

Total equity attributable to equity shareholders of the Company

For the three months ended 31 March 2008

For the three months ended 31 March 2007

As at 31 March 2008

As at 31 December 2007

Under the PRC Accounting Standards for Business Enterprises

6,493 4,631 129,127 128,250

Items as adjusted under IFRSs:

Production maintenance expense and safety production expense 372 335 3,965 3,593

Revaluation of land use rights and others 9 25 (2,041) (2,049)

Tax adjustments (102) (72) (108) (6)

Under IFRSs 6,772 4,919 130,943 129,788

(1) Production maintenance expense and safety production expense

According to the relevant rules and regulations in the PRC, provision for production maintenance and production safety is accrued by coal mining companies based on coal production volume, which is recognised as expense in the income statement. On acquisition of production maintenance and production safety facilities, fixed assets and accumulated depreciation for the same amounts are recognised upon purchase. Under IFRSs, expenses relating to production maintenance and safety measures are recognised in the income statement as and when incurred. Capital expenditures on production maintenance and safety facilities are recognised as property, plant and equipment, which are depreciated according to the relevant depreciation method.

(2) Revaluation of land use rights and others

Under the PRC Accounting Standards for Business Enterprises, land use rights are carried at revalued in accordance with the Restructuring. Under IFRSs, land use rights are carried at cost. Accordingly, the unamortised surplus on revaluation of the land use rights was reversed against the equity. After revaluation date, the depreciation of land use rights under the PRC Accounting Standards for Business Enterprises and IFRSs are different as their carrying amounts are not the same.

(3) Tax adjustments and others

It mainly represents the deferred tax adjustments on the tax effects of the differences in the accounting standards.

As at the end of the reporting period, there were a total of 568,813 shareholders of the Company, of which there were 566,354 holders of A shares (including Shenhua Group) and 2,459 holders of H shares.

Unit: shares

PERFEX OVERSEAS LIMITED 51,870,500 Foreign shares listed overseas

Bank of Communications

China Life Insurance Company Limited

28,902,082 RMB ordinary shares

China Life Insurance Company Limited

FH002 Shanghai 28,479,277 RMB ordinary shares

Bank of China - Jia Shi Hu Shen 300 index securities investment fund 21,060,393 RMB ordinary shares

Bank of Communication –Bo shi emerging growth stock investment fund 19,394,824 RMB ordinary shares

CITIC Securities Company Limited 18,835,300 RMB ordinary shares

The 540,000,000 shares placed by the Company to placees offline should not be traded until expiry of the three months lock-up period from the listing of the Company's A shares on 9 October 2007. Such shares have commenced trading on 9 January 2008. For details, please refer to the relevant announcements published on the website of the Shanghai Stock Exchange on 3 January 2008 and on the China Securities News and Shanghai Securities News on 4 January 2008.

During the reporting period, in accordance with IFRSs, revenues of the Group was RMB23,788 million (for the three months ended 31 March 2007: RMB18,489 million), representing an increase of 28.7%. Profit for the period attributable to shareholders of the Company was RMB6,772 million (for the three months ended 31March 2007: RMB4,919 million), representing an increase of 37.7%. During the reporting period, changes in major items of the financial statements and explanation thereof are as follows:

As at 31 March 2008

As at 31 December 2007

Change Reasons for change

Accrued expenses and other payables 16,829 9,577 75.7%

The receipts in advance on sales of coal and the special dividends declared but not yet paid resulted in the ending balance higher than the beginning balance.

For the three months ended 31 March 2008

For the three months ended 31 March 2007

Change Reasons for change

Revenues 23,788 18,489 28.7%

Both the quantity and price of coal sales increased during the current period, resulted in the increase in revenues.

Other operating expense, net 119 33 260.6%

The impairment loss of property, plant and equipment in Yuyao Power and Zhunge’er Power was higher than the same period in last year.

Finance income 263 61 331.1% The interest income was higher than the same period in last year.

Finance expenses 1,310 788 66.2%

The fluctuation of exchange rates resulted in the increase in exchange loss.

Investment income 2 11 (81.8%)

The investment income recognised under the cost method decreased when compared with the same period in last year.

Share of profits less losses of associates 78 127 (38.6%)

Certain associates became the subsidiaries of the Company, resulted in the decrease in share of profits less losses of associates as compared with the same period in last year.

During the reporting period, sales volume and price of the coal segment were as follows:

For the three months ended 31 March 2008

For the year ended 31 December 2007

Sales volume

Percentage of total sales volume

Sales price

Sales volume

Percentage of total sales volume

Sales price

Change in sales price

Million tonnes

RMB/ tonne

Million tonnes

RMB/ tonne

Domestic sales 52.1 91.9% 334.9 185.1 88.5% 301.8 11.0%

Long-term contract sales 40.8 72.0% 354.2 147.5 70.5% 311.2 13.8%

Direct arrival (along railway line) 14.8 26.1% 254.7 55.1 26.3% 228.9 11.3%

Seaborne (port FOB) 26.0 45.9% 410.8 92.4 44.2% 360.2 14.0%

Spot market sales 11.3 19.9% 265.2 37.6 18.0% 265.2 -

Mine mouth 5.3 9.3% 102.8 13.0 6.2% 101.5 1.3%

Direct arrival (along railway line) 2.7 4.8% 329.5 10.7 5.1% 289.2 13.9%

Seaborne (port FOB) 3.3 5.8% 471.4 13.9 6.7% 399.3 18.1%

Exported sales 4.6 8.1% 461.0 24.0 11.5% 398.1 15.8%

Total sales volume/weighted average price 56.7 100.0% 345.1 209.1 100.0% 312.9 10.3%

Benefited from robust demand of the coal market, the Group's weighted average price was RMB345.1/tonne during the reporting period (for the year ended 31 December 2007: RMB312.9/tonne), representing an increase of 10.3%. Among which, export sales weighted average price was RMB461.0/tonne (for the year ended 31 December 2007: RMB398.1/tonne), representing an increase of 15.8%. Domestic sales weighted average price was RMB334.9/tonne (for the year ended 31 December 2007: RMB301.8/tonne), representing an increase of  1.0%.

The unit cost of production for self-produced coal operations of the coal segment during the reporting period was as follows:

For the three

months ended

31 March 2008

For the three

months ended 31

March 2007

Change

RMB/tonne RMB/tonne

Unit cost of production for

self-produced coal operations 74.0 69.2 6.9%

Materials, fuel and power 15.7 14.1 11.3%

Personnel expenses 9.2 9.7 (5.2%)

Depreciation and amortisation 17.6 17.1 2.9%

Repairs and maintenance 8.2 8.6 (4.7%)

Others 23.3 19.7 18.3%

During the reporting period, the unit cost of production for self-produced coal operations of the coal segment of the Group was RMB74.0/tonne (for the three months ended 31 March 2007:

RMB69.2/tonne), representing an increase of 6.9%. Among which, unit cost of materials, fuel and power increased, was mainly resulted from an increase of materials consumption for expansion of coal mining areas and changes in geological condition of mining area. The decrease in unit personnel expenses was mainly due to the increase in production volume during the reporting period of the Group. The increase of unit cost of others was mainly due to implementation of new government charges on coal business and increases of coal processing expenses during the reporting period. It is estimated that the unit cost of production for self-produced coal operations of the coal segment of the Group for the remaining three quarters of 2008 will increase further.

During/up to the reporting period, commitments made by Shenhua Group, a controlling shareholder of the Company and the performance thereof are as follows:

Agreement on Avoidance of Competition within the Industry between Shenhua Group and the Company Complied with and there has been no violation of commitments Committed to obtain land use right certificates and building ownership certificates etc Actively pursuing and in the process of applying for and obtaining building ownership certificates for the last three outstanding properties Shenhua Group committed not to transfer or entrust others to manage its shares in the Company, which it directly and indirectly holds, for 36 months from the date when the Company’s shares were listed on the Shanghai Stock Exchange, nor to allow the Company to acquire those shares Complied with and there has been no violation of commitments

Note: For details of the commitments, please refer to “Chapter 14 Significant Events”in the 2007

Annual Report of the Company.

This report will be simultaneously published on the websites of The Stock Exchange of Hong Kong Limited (www.hkex.com.hk), the Shanghai Stock Exchange (www.sse.com.cn ) and the Company (www.csec.com ). The quarterly report prepared in accordance with the Accounting Standards for Business Enterprises (2006) issued by the Ministry of Finance of the People's Republic of China and its related regulations and interpretation ("the PRC Accounting Standards for Business Enterprises") will also be simultaneously published on the websites of the Shanghai Stock Exchange (www.sse.com.cn ), The Stock Exchange of Hong Kong Limited (www.hkex.com.hk ) and the Company (www.csec.com ).

By order of the Board

Beijing, 24 April 2008

For the three months ended 31 March 2008

Prepared by China Shenhua Energy Company Limited

2008

The first quarter of

2007

Selling, general and administrative

Attributable to:

Legal representative: Chen Biting Chief Financial Office: Zhang Kehui

As at 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

reporting period

As at the end of last

financial year

Property, plant and equipment, net 130,768 131,059

Construction in progress 25,298 22,358

Intangible assets 1,207 1,162

Interest in associates 2,851 2,754

Other investments 1,263 1,031

Lease prepayments 6,707 5,931

Deferred tax assets 1,653 1,679

Other non-current financial assets 679 937

Inventories 7,279 6,337

Accounts and bills receivable, net 6,857 6,642

Prepaid expenses and other current

assets 6,306 5,712

Time deposits with original maturity over

three months 10 32

Cash and cash equivalents 59,996 53,404

Short-term borrowings and current portion

of long-term borrowings 10,526 10,196

Short-term bonds 1,458 1,453

Current portion of long-term payables 793 873

Accounts and bills payable 8,352 9,074

Income tax payable 2,460 2,198

Accrued expenses and other payables 16,829 9,577

Long-term borrowings, less current

portion 52,268 49,718

Long-term payables, less current portion 4,043 3,962

Accrued reclamation obligations 1,042 1,018

Deferred tax liabilities 1,275 1,165

Share capital 19,890 19,890

Reserves 111,053 109,898

Equity attributable to equity shareholders

of the Company 130,943 129,788

Minority interests 20,885 20,016

Total equity 151,828 149,804

Legal representative: Chen Biting Chief Financial Office: Zhang Kehui

General Manager of Finance Department: Hao Jianxin

11

For the three months ended 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

Items

The first quarter of

2008

The first quarter of

2007

Capital expenditure (5,274) (6,382)

Lease prepayments (237) (420)

Purchase of investments (121) (121)

Proceeds from disposal of investments - 36

Proceeds from disposal of property, plant and

equipment 29 -

Maturity of time deposits with original maturity over

three months (22) -

Proceeds from bank and other borrowings 10,677 16,399

Repayments of bank and other borrowings (7,059) (12,403)

Distributions to minority interests (461) (330)

Contributions from minority shareholders 50 -

Cash and cash equivalents, at the beginning of the

period 53,404 15,758

Cash and cash equivalents, at the end of the period 59,996 19,405

Legal representative: Chen Biting Chief Financial Office: Zhang Kehui

General Manager of Finance Department: Hao Jianxin

12

For the three months ended 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

2008

The first quarter of

2007

Less: Operating costs 11,682 9,013

Business taxes and surcharges 493 422

Selling expenses 202 142

Administrative expenses 1,499 1,328

Financial expenses 1,166 745

Impairment loss 117 12

Add: Gain from changes in fair value 119 19

Investment income 81 137

(Including: Income from investment in

associates) 78 126

Add: Non-operating income 26 15

Less: Non-operating expenses 28 36

(Including: Loss from disposal of non-current

assets) - 12

Less: Income tax expenses 1,492 1,466

Net profit attributable to equity shareholders of the

Company 6,493 4,631

Minority interests 842 865

(1) Basic earnings per share (RMB) 0.326 0.256

(2) Diluted earnings per share (RMB) 0.326 0.256

Legal representative: Chen Biting Chief Financial Office: Zhang Kehui

General Manager of Finance Department: Hao Jianxin

13

For the three months ended 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

2007

Business taxes and surcharges 277 227

Selling expenses 168 120

Administrative expenses 685 549

Financial expenses 126 173

Impairment loss 17 13

Add: Gain from changes in fair value 119 19

Investment income 211 1,142

(Including: Income from investment in

associates) 51 86

Add: Non-operating income 15 5

Less: Non-operating expenses 7 9

(Including: Loss from disposal of

non-current assets) - 1

Less: Income tax expenses 883 605

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

General Manager of Finance Department: Hao Jianxin

14

As at 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

Items As at the end of the

reporting period

As at the end of last

financial year

Cash at bank and on hand 60,006 53,436

Financial assets held for trading 156 37

Bills receivable 474 756

Accounts receivable 6,383 5,886

Prepayments 3,492 2,682

Other receivables 2,162 2,569

Inventories 7,279 6,337

Other current assets 495 424

Total current assets 80,447 72,127

Long-term equity investments 3,863 3,811

Fixed assets 116,761 116,370

Construction in progress 22,495 18,713

Construction materials 2,871 3,645

Intangible assets 21,403 21,310

Long-term deferred expenses 994 1,007

Deferred tax assets 976 901

Other non-current assets 680 937

Total non-current assets 170,043 166,694

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

General Manager of Finance Department: Hao Jianxin

15

As at 31 March 2008

Prepared by China Shenhua Energy Company Limited

Items As at the end of the

reporting period

As at the end of last

financial year

Short-term loans 6,319 4,903

Short-term bonds payable 1,747 1,453

Bills payable 369 169

Accounts payable 7,983 8,905

Receipts in advance 1,758 1,228

Staff costs payable 1,751 1,537

Taxes payable 4,552 4,244

Interest payable 126 151

Dividends payable 7,002 1,538

Other payables 3,844 3,077

Current portion of long-term loans 4,207 5,293

Current portion of long-term payables 793 873

Total current liabilities 40,451 33,371

Long-term loans 52,268 49,718

Long-term payables 5,717 5,239

Estimated liabilities 1,027 1,018

Deferred tax liabilities 618 659

Total non-current liabilities 59,630 56,634

Total liabilities 100,081 90,005

Share capital 19,890 19,890

Capital reserve 87,830 87,701

Surplus reserves 6,263 6,263

Retained earnings 15,144 14,396

Total equity attributable to equity

shareholders of the Company 129,127 128,250

Minority interests 21,282 20,566

Total shareholders’equity 150,409 148,816

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

As at 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

period

As at the end of last financial

year

Cash at bank and on hand 57,420 51,914

Financial assets held for trading 156 37

Bills receivable 257 543

Accounts receivable 2,779 2,026

Prepayments 2,856 1,970

Interest receivable 9 -

Dividends receivable 1,489 2,465

Other receivables 6,628 7,067

Inventories 4,608 4,453

Other current assets 11,488 10,537

Total current assets 87,690 81,012

Long-term equity investments 29,939 29,319

Fixed assets 26,320 26,135

Construction in progress 9,489 8,847

Construction materials 332 287

Intangible assets 11,551 11,646

Long-term deferred expenses 311 316

Deferred tax assets 484 430

Other non-current assets 377 377

Total non-current assets 78,803 77,357

Total assets 166,493 158,369

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

As at 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

period

As at the end of last financial

year

Short-term loans 1,500 1,500

Accounts payable 5,265 5,085

Receipts in advance 1,445 1,047

Staff costs payable 1,128 953

Taxes payable 3,218 2,379

Interest payable 1 54

Dividends payable 5,745 -

Other payables 1,942 1,764

Current portion of long-term

loans

1,772 1,822

Current portion of long-term

payables

793 873

Other current liabilities 1,783 679

Total current liabilities 24,592 16,156

Long-term loans 13,014 12,897

Long-term payables 5,142 4,756

Estimated liabilities 633 624

Deferred tax liabilities 255 296

Total non-current liabilities 19,044 18,573

Total liabilities 43,636 34,729

Share capital 19,890 19,890

Capital reserve 87,621 87,621

Surplus reserves 6,263 6,263

Retained earnings 9,083 9,866

Total shareholders’equity 122,857 123,640

Total liabilities and shareholders’

equity 166,493 158,369

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

For the three months ended 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

Items The first quarter of

2008

The first quarter of

2007

Cash received from sale of goods and rendering of services 26,374 22,363

Refund of taxes 7 -

Other cash received relating to operating activities 356 199

Sub-total of cash inflows from operating activities 26,737 22,562

Cash paid for goods and services (11,056) (9,575)

Cash paid to and for employees (1,564) (1,194)

Cash paid for all types of taxes (3,845) (3,697)

Other cash paid relating to operating activities (681) (516)

Sub-total of cash outflows from operating activities (17,146) (14,982)

Net cash flow from operating activities 9,591 7,580

Cash received from disposal of investments - 36

Cash received from return on investments 12 15

Net cash received from disposal of fixed assets, intangible assets

and other long-term assets 29 -

Other cash received relating to investing activities 263 61

Sub-total of cash inflows from investing activities 304 112

Cash paid for acquisition of fixed assets, intangible assets and

other long-term assets (5,511) (6,802)

Cash paid for acquisition of investments (71) (121)

Cash paid for acquisition of subsidiaries and other business units (50) -

Sub-total of cash outflows from investing activities (5,632) (6,923)

Net cash flow from investing activities (5,328) (6,811)

Cash received from investment 50 -

Including: Cash received from minority shareholders of

subsidiaries 50 -

Cash received from borrowings 10,677 16,399

Sub-total of cash inflows from financing activities 10,727 16,399

Cash repayments of borrowings (7,059) (12,403)

Cash paid for dividends, profits distribution or interest (1,339) (1,118)

Including: Dividends and profits paid to minority shareholders by

subsidiaries (461) (330)

Sub-total of cash outflows from financing activities (8,398) (13,521)

Net cash flow from financing activities 2,329 2,878

Add: Cash and cash equivalents at the beginning of the period 53,404 15,758

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

For the three months ended 31 March 2008

Prepared by China Shenhua Energy Company Limited

Unit: RMB million (Unaudited)

Items The first quarter of

2008 The first quarter of 2007

Cash received from sale of goods and rendering of

services 20,081 16,309

Other cash received relating to operating activities 267 197

Sub-total of cash inflows from operating activities 20,348 16,506

Cash paid for goods and services (11,198) (10,250)

Cash paid to and for employees (471) (451)

Cash paid for all types of taxes (1,573) (1,819)

Other cash paid relating to operating activities (292) (261)

Sub-total of cash outflows from operating activities (13,534) (12,781)

Net cash flow from operating activities 6,814 3,725

Cash received from return on investments 954 16

Net cash received from disposal of fixed assets,

intangible assets and other long-term assets 14 -

Other cash received relating to investing activities 255 43

Sub-total of cash inflows from investing activities 1,223 59

Cash paid for acquisition of fixed assets, intangible

assets and other long-term assets (1,776) (2,565)

Cash paid for acquisition of investments (1,667) (558)

Sub-total of cash outflows from investing activities (3,443) (3,123)

Net cash flow from investing activities (2,220) (3,064)

Cash received from borrowings 2,085 1,699

Sub-total of cash inflows from financing activities 2,085 1,699

Cash repayments of borrowings (842) (625)

Cash paid for dividends, profit distribution or interest (330) (205)

Sub-total of cash flows from financing activities (1,172) (830)

Net cash flow from financing activities 913 869

Add: Cash and cash equivalents at the beginning of the

period 51,904 13,937

Cash and cash equivalents at the end of the period 57,411 15,467

Legal representative: Chen Biting Chief Financial Officer: Zhang Kehui

General Manager of Finance Department: Hao Jianxin

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